Dublin-headquartered Valeo Foods – which itself was bought by Bain Capital Private Equity (co-founded by politician Mitt Romney) for £1.5bn in May – has agreed to acquire New World Foods Europe (NWFE) from Australian FMCG entrepreneur Tony Quinn.
Growing biltong brand Stryve, which also owns Kalahari Snacks, making it the #1 air-dried meat snack brand in the US, has completed a business combination with Andina Acquisition Corp III, a publicly-traded special purpose acquisition company (SPAC).
The Sussex startup is pushing the borders of adventurous snacking with a clean label, high protein snack that’s halfway between jerky and biltong (a traditional South African air-dried meat snack), but made with smoked salmon.
Stryve is certainly disrupting the $5bn US meat snack category with biltong – one of the only differentiated products the category has seen in decades. It is also set to shake up the market even further by going public and getting the healthier snacking...
The North American Meat Institute wants the June 12 celebration of the protein-packed snack to happen every day. It certainly has the rising tide of jerky consumption on its side.
This month, BakeryandSnacks has scoured the shelves to find products that celebrate spring, with its cornucopia of vibrant colors and tastes, and lighter, healthier eating.
For most company founders, the thought of handing over – or even just sharing – control of their startup with an ‘outsider’ is a non-starter, but bringing in a ‘hired gun’ who knows the industry ropes can help a young brand scale successfully more quickly,...
